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It's not a popular hat and the clean one is about 1.33 ref. I would say this should be .33 ref. I don't think rarity plays a huge role in this hat.
Also I saw this when I looked at tf2op: http://www.tf2outpost.com/trade/4442586
Only uncraftable I saw (which sold for a rec) but if I made a trade looking for an uncraft I would probably find one with it.
is it as bad and common as demo fro and glengarry bonnet?
This outpost link is bad proof cause sometimes people sell valuable uncraft hats for 1-2 rec
But you don't have any proof. I don't see anyone making offers for an uncraftable, just people wanting to pay craft hat prices for it and other common demo hats.